The BBC reports that the UK's trade gap hits a record level
http://news.bbc.co.uk/1/hi/business/7826085.stm
a) What does the trade gap measure?
b) Why has it got worse?
c) How should the depreciating £ have helped UK trade to narrow the gap?
d) Why has this not happened?
e) Why might the overall BOP curreent account figure not be as bad as the trade figures indicate?
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